Under Armour, Inc. (NYSE:UAA) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in Under Armour, Inc. (NYSE:UAA - Free Report) by 160.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 304,378 shares of the company's stock after buying an additional 187,657 shares during the quarter. Victory Capital Management Inc. owned approximately 0.07% of Under Armour worth $1,902,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vident Advisory LLC purchased a new stake in shares of Under Armour in the 4th quarter valued at $85,000. Cerity Partners LLC purchased a new stake in shares of Under Armour in the 1st quarter valued at $66,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Under Armour in the 4th quarter valued at $124,000. Baker Avenue Asset Management LP raised its holdings in shares of Under Armour by 51.4% in the 4th quarter. Baker Avenue Asset Management LP now owns 15,591 shares of the company's stock valued at $129,000 after buying an additional 5,292 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Under Armour by 872.2% in the 1st quarter. GAMMA Investing LLC now owns 16,644 shares of the company's stock valued at $104,000 after buying an additional 14,932 shares during the period. Hedge funds and other institutional investors own 34.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UAA. UBS Group boosted their target price on Under Armour from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Wall Street Zen cut Under Armour from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Evercore ISI lowered their target price on Under Armour from $7.00 to $6.00 and set an "underperform" rating for the company in a research note on Wednesday, May 14th. Stifel Nicolaus lowered their target price on Under Armour from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Finally, Bank of America lowered their target price on Under Armour from $10.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $7.31.

Insider Activity

In other news, insider Mehri Shadman sold 16,287 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $6.14, for a total transaction of $100,002.18. Following the completion of the transaction, the insider directly owned 191,796 shares of the company's stock, valued at approximately $1,177,627.44. This represents a 7.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 15.60% of the company's stock.

Under Armour Stock Performance

UAA traded down $0.14 on Friday, hitting $6.51. 4,481,835 shares of the company traded hands, compared to its average volume of 12,631,779. The company has a 50 day moving average of $6.85 and a 200-day moving average of $6.76. The company has a quick ratio of 1.25, a current ratio of 2.10 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $2.80 billion, a PE ratio of -13.84, a PEG ratio of 0.94 and a beta of 1.61. Under Armour, Inc. has a 12-month low of $4.78 and a 12-month high of $11.89.

Under Armour (NYSE:UAA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. Under Armour had a positive return on equity of 7.04% and a negative net margin of 3.90%. The firm's revenue was down 11.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. Sell-side analysts anticipate that Under Armour, Inc. will post 0.3 earnings per share for the current year.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.